Corn returns in 2014 likely will be negative on many farms, with losses near $100 per acre on cash rent farmland in northern Illinois. Projections indicate that soybeans will be more profitable than corn in 2014.
Corn harvest progress fell further behind the five-year average, according to the recently released U.S. Department of Agriculture Report. Although only 31 percent of the crop was harvested as of October 19, the forecast of a high quality crop remains unchanged.
For cash rent farmland, total costs are projected higher than gross revenue in 2014 and 2015. Projected losses are more than $100 per acre in 2014 and 2015.
Ethanol production profits hit the wall (10/27/14)
Portland, OR Daily Grain Report (10/30/14)
Mississippi Daily Grain Report (10/30/14)
Ohio River Barge Loading Elevator Grain Bids (10/29/14)
Grain Prices Illinois River Barge Points (10/29/14)
Export Grain Bids (10/29/14)
CO/NE/WY Elevator Grain Bids (10/29/14)
Kentucky Daily Grain Elevators, Open Bids (10/29/14)
South Carolina Closing Grain Bids (10/29/14)
North Carolina Grain (10/29/14)
Exports: Corn net sales (finally) climb (02/27/14)
Exports: Corn net sales plummet 46 percent (02/21/14)
USDA: Corn sales tumble 25% from last week (02/13/14)
WASDE: Corn prices to stay under $5 (02/10/14)
Export sales: Corn tumbles 16 percent (01/24/14)
USDA: Corn sales start 2014 steady (01/09/14)
Corn exports slowly creep higher (12/19/13)
$4.75 corn in 2014? USDA thinks so (12/10/13)
Midday Report 10/30
Thursday’s corn export data was rather disappointing. Corn futures rose slightly despite the early soy setback from Wednesday’s late highs. Yellow grain prices remained firm prices moved lower this morning, due in part to likely trader disappointment with the results of the weekly USDA Export Sales report. The corn total fell well short of forecasts. December corn futures inched up 0.75 cent to $3.76/bushel around midsession Thursday, while May added 0.25 to $3.9725.